Listed below are the following August 31, 2021 accounts and information for the Moses Bosco Company. Use this data to calculate the ending retained earning balance.   Accounts payable                      $  1,100                  Dividends                         $ 3,000 Accounts receivable                     5,400                  Insurance expense             1,200 Buildings                                      63,000                  Supplies                              1,400 Cash                                              18,600                  Notes payable                     3,300 Service revenue                          25,700                  Rent expense                      3,400 Common stock                             52,000                  Salaries and wages expense     12,000 Retained earnings (beginning)        25,900

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Listed below are the following August 31, 2021 accounts and information for the Moses Bosco Company. Use this data to calculate the ending retained earning balance.

 

Accounts payable                      $  1,100                  Dividends                         $ 3,000

Accounts receivable                     5,400                  Insurance expense             1,200

Buildings                                      63,000                  Supplies                              1,400

Cash                                              18,600                  Notes payable                     3,300

Service revenue                          25,700                  Rent expense                      3,400

Common stock                             52,000                  Salaries and wages expense     12,000

Retained earnings (beginning)        25,900

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